Today, everything has become so technical that you could only be able to transfer money in electronic form to another UPI. But now this is going to change. You are now able to withdraw cash from ATMs without using a card for it instead. That is right, scanning the QR Code will be all you need to get money out of ATM after all; however, one has to ensure that several preliminary recommendations are followed.
UPI ATM
Cash is required by most people sometimes, in particularly in cases where they do not have an ATM card right now but they want to instantly get cash; at least this is the way it used to be. You don’t have to worry about that anymore. You have the option to get cash from the ATM without an ATM card if you want to do so. As things today are.
Perhaps there is confusion as to what is different between cardless cash withdrawal and QR Code based cash withdrawal from ATMs.
It is now known that the major difference is their compliance with one another; cardless cash is based on OTP while the other works upon scanning QR codes to receive money.
Just follow these five simple instructions:
- Remember, the UPI cardless cash usage is always possible for any UPI application cum user
- You therefore have to approach the ATM and then choose the UPI cardless cash/QR cash alternative.
- Type your amount when this is done.
- Once done quantifying the amount, the machine would likely provide a QR code facing you. Then scan through any UPI app (Paytm, PhonePe, GooglePay etc.) on your cellphone.
- After scanning the QR code into the application, you can finally enter their UPI PIN. Once the transaction is completed, cash will be dispensed via the ATM to you.
The amount a person can withdraw from his account via cardless cash with UPI is limited at 5,000 in a day; that is the limit permitted in a situation where he uses it more than once per day itself.
As other things have been taken over by machines or the screens having become touch many things have changed so has the traditional concept of carrying ATM cards from each and every bank out of the equation. If this is not happening, in general, then carrying a mobile phone becomes necessary for the use of UPI payment.
